[lewisl9029]

While we're on the topic of robo-advisors, I'd love to see a robo-advisor that lets clients customize a portfolio allocation and just advises them on when and what to trade to keep their portfolio balanced on a regular schedule, for a fixed fee. That is, instead of these so-called robo-advisors that are actually robo-managers, in the sense that they manage your portfolio and trade on your behalf, and are compensated as such, for a percentage of the entire value of your portfolio.

I'm sure there is enough space in the market for both types of products, the robo-advisor and the robo-manager. Personally, I'd prefer the former.

[bwood]

Shameless plug, but I'm actually working on a product that does exactly that. It started as a personal tool that integrated with my brokerage account to take the hassle out of rebalancing and knowing which trades to make with my monthly contributions. It currently only works with Questrade, but I'm looking at adding support for more brokerages.

https://rebalancr.com/

[prdonahue]

Interesting.

Btw, suspect you'll have trouble getting people to sign-up using such a flight-by-night custodian. Maybe take a look at Interactive Brokers?

Also, would encourage Questrade to fix this: Mixed Content: The page at 'https://www.questrade.com/' was loaded over HTTPS, but requested an insecure image 'http://ads.yahoo.com/pixel?id=2459149&t=2'. This content should also be served over HTTPS. (index):1 Mixed Content: The page at 'https://www.questrade.com/' was loaded over HTTPS, but requested an insecure script 'http://www.questradeaffiliates.com/scripts/track.js'. This request has been blocked; the content must be served over HTTPS.

[bwood]

Thanks for the feedback! Yeah, I don't expect much mass appeal from supporting only Questrade, it's just the brokerage that I use myself. Good idea on getting them to fix those HTTPS issues, really no excuse for it these days.

[frgtpsswrdlame]

Do you have a screenshot of what it actually looks like when using it?

[bwood]

Yeah, I just updated the landing page with a screenshot. It's pretty basic and unpolished at the moment, but I'm working on some improvements.

[dimva]

Another shameless plug: I made a service like this for myself and a few friends: https://zenve.st

It actually trades on your behalf, but only to keep your portfolio balanced and to allocate any cash you deposit into the account. It works on top of Vanguard, and you can customize it to invest in any Vanguard ETFs with whatever allocation you want.

Currently, you can only sign up for the waitlist, as I don't know if people would be interested in something like this.

[Spooky23]

My 457 plan has a Morningstar service that does this, but it won't tell you proactively.

You answer their questions or pick a portfolio and they update a report monthly that will tell you what to buy/sell to line up with your target.

[keywonc]

that's a good insight. i also tend to think advice and sales should be done by separate parties. otherwise the advice won't be independent or bias-free.